ZachXBT: Axis Robotics insiders dumped token AXIS, dropping 40% in 24 hours

On October 29, on-chain detective ZachXBT disclosed that insiders at Axis Robotics (AXIS) extracted over 76 million AXIS tokens from a multi-sig wallet, valued at over $12 million, and subsequently dumped them on decentralized exchanges (DEXs), transferring a portion to Bitget, which caused AXIS to drop approximately 40% in the past 24 hours.

The token was listed on October 21, 2026. Additional data indicates that an alleged insider sold 42 million AXIS tokens today via a DEX on the Base chain, generating over 5.04 million USDC in proceeds distributed across 8 wallets. These allegations remain to be further verified.